- Business
- Allspring Special Global Small Cap Fund Class C (EKGCX) is an open-end mutual fund managed by Allspring Global Investments, LLC that seeks long-term capital appreciation by investing principally in equity securities of small-capitalization companies located in no fewer than three countries, including the U.S., emerging markets up to 10% of assets, and potentially more than 25% in any one country; it defines small-capitalization companies as those with market capitalizations within the range of the MSCI World Small Cap Index at the time of purchase, typically from approximately $93 million to $13.91 billion as of early 2023. The fund employs a fundamental, bottom-up investment process to identify well-managed companies with flexible balance sheets, sustainable cash flows, and valuations below their intrinsic value, exploiting inefficiencies in global small-cap markets; it maintains a portfolio turnover rate of around 32-47%, with top holdings including Gibraltar Industries Inc. (industrials), Alten (technology), Novanta Inc. (technology), Innospec Inc. (basic materials), and The Hanover Insurance Group Inc. (financial services). Class C shares feature an expense ratio of 2.22%, a minimum initial investment of $1,000, and assets under management of approximately $122 million as of late 2025.
The fund, originally launched on March 16, 1988 as part of Allspring Funds Trust (formerly Wells Fargo Funds), underwent a name change from Allspring Global Small Cap Fund to Allspring Special Global Small Cap Fund effective May 2, 2022, reflecting a rebranding of several Allspring equity strategies without altering investment objectives, processes, tickers, or CUSIPs. Allspring Global Investments, headquartered in Charlotte, North Carolina since October 2022 after relocating from San Francisco, operates as an independent asset manager since its spin-off from Wells Fargo in November 2021, overseeing diverse equity, fixed income, and multi-asset strategies with a focus on financial returns and positive outcomes. The fund targets institutional and retail investors seeking global small-cap exposure, with portfolio management led by a team including James Tringas (senior portfolio manager and co-head of Special Global Equity since 2008), Oleg Makhorine, Bryant VanCronkhite, Brian Martin, and Stephen Giggie.